Current Attempt in Progress The corporate charter of Crane Corporation allows the issuance of a maximum of 4,060,000 shares of $1 par value common stock. During its first three years of operation, Crane issued 2,111,200 shares at $15 per share. It later acquired 81,200 of these shares as treasury stock for $25 per share. Based on the above information, answer the following questions: (a) How many shares were authorized? Authorised shares shares C A Q Ac Qu Acc Qu Acco Vie Acco Que

The corporate charter of Crane Corporation allows the issuance of a maximum of 4,060,000 shares of $1 par value common stock. During its first three years of operation, Crane issued 2,111,200 shares at $15 per share. It later acquired 81,200 of these shares as treasury stock for $25 per share. Based on the above information, answer the following questions: (3) How mary shares were authorized? Authorised shares shares